A new wave of reforms have been launched by the government under several new campaigns. Campaigns like Make in India, Digital India, Skill India and Start-up India are pushing the economy for a change by transforming behaviour among stakeholders.

The third edition of the Rising Sun is inspired by the clear trend of renewable energy emerging as a mainstream energy source globally within the next decade. In addition, the edition draws from the recent developments that have taken place in the solar PV cost curves and what those mean for the fast-growing Indian economy.

Digitalisation in banking continues to be perceived both as an opportunity as well as a challenge. The banking sector is witnessing new breakthroughs that have the potential to redefine how banking services would be offered in the coming years.

Goods and Services Tax (GST), one of the most radical tax reforms in the history of Indian economy, has been announced to come into effect from 1 April 2016. GST is expected to have far reaching impact, much beyond taxes.

The seventh edition of ENRich, KPMG in India’s flagship event for the Energy and Natural Resources (ENR) sector, is scheduled to be held on Tuesday, 15 November 2016 at the Taj Palace, Sardar Patel Marg, New Delhi.

First Notes - 28 February 2014

First Notes - 28 February 2014

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The Reserve Bank of India (RBI) had on 30 January 2014, released a ‘Framework for Revitalising Distressed Assets in the Economy’ effective from 1 April 2014, which laid down guidelines for early recognition of financial distress, taking prompt steps for resolution and thereby ensuring fair recovery for lending institutions (refer First Notes edition dated 31 January 2014). For operationalising this framework, the RBI has vide two notifications dated 26 February 2014, released detailed guidelines on refinancing of project loans, sale of NPAs by banks and other regulatory measures and on formation of joint lenders’ forum (JLF) and adoption of corrective action plan (CAP).